메뉴 건너뛰기




Volumn 17, Issue 3, 2000, Pages 429-455

An Emerging Market's Reaction to Initial Modified Audit Opinions: Evidence from the Shanghai Stock Exchange

Author keywords

Emerging market; Independent auditing; Market reaction; Modified audit opinions

Indexed keywords


EID: 0040512832     PISSN: 08239150     EISSN: None     Source Type: Journal    
DOI: 10.1506/GCJP-5599-QUWB-G86D     Document Type: Article
Times cited : (114)

References (40)
  • 2
    • 0040837861 scopus 로고
    • The role of uncertainty qualifications: Evidence to support the tentative conclusions of the Cohen Commission
    • Alderman, C. W. 1977. The role of uncertainty qualifications: Evidence to support the tentative conclusions of the Cohen Commission. Journal of Accountancy 144 (5): 97-100.
    • (1977) Journal of Accountancy , vol.144 , Issue.5 , pp. 97-100
    • Alderman, C.W.1
  • 3
    • 0002742759 scopus 로고
    • An empirical evaluation of accounting income numbers
    • Ball, R., and P. Brown. 1968. An empirical evaluation of accounting income numbers. Journal of Accounting Research 6 (2): 159-78.
    • (1968) Journal of Accounting Research , vol.6 , Issue.2 , pp. 159-178
    • Ball, R.1    Brown, P.2
  • 4
    • 0041152516 scopus 로고
    • The communicative effectiveness of consistency exceptions
    • Baskin, E. 1972. The communicative effectiveness of consistency exceptions. Accounting Review 41 (January): 38-51.
    • (1972) Accounting Review , vol.41 , Issue.JANUARY , pp. 38-51
    • Baskin, E.1
  • 7
    • 0012343579 scopus 로고    scopus 로고
    • Qualified audit reports and costly contracting
    • Chan, Y. K., and T. S. Walter. 1996. Qualified audit reports and costly contracting. Asia Pacific Journal of Management 13 (January): 37-63.
    • (1996) Asia Pacific Journal of Management , vol.13 , Issue.JANUARY , pp. 37-63
    • Chan, Y.K.1    Walter, T.S.2
  • 9
    • 77249162663 scopus 로고    scopus 로고
    • A comparison of reported earnings under Chinese GAAP versus IAS: Evidence from the Shanghai Stock Exchange
    • Chen, C. J. P., F. A. Gul, and X. Su. 1999. A comparison of reported earnings under Chinese GAAP versus IAS: Evidence from the Shanghai Stock Exchange. Accounting Horizons 13 (2): 91-111.
    • (1999) Accounting Horizons , vol.13 , Issue.2 , pp. 91-111
    • Chen, C.J.P.1    Gul, F.A.2    Su, X.3
  • 10
    • 0003559593 scopus 로고
    • Cambridge: Cambridge University Press
    • Cheng, H. 1986. Analysis of panel data. Cambridge: Cambridge University Press.
    • (1986) Analysis of Panel Data
    • Cheng, H.1
  • 11
    • 0000370142 scopus 로고
    • The effect of qualified audit opinion on earnings response coefficients
    • Choi, S. K., and D. C. Jeter. 1992. The effect of qualified audit opinion on earnings response coefficients. Journal of Accounting and Economics 14 (2 & 3): 229-47.
    • (1992) Journal of Accounting and Economics , vol.14 , Issue.2-3 , pp. 229-247
    • Choi, S.K.1    Jeter, D.C.2
  • 12
    • 0011575047 scopus 로고
    • Qualified audit opinions and share prices - An investigation
    • Chow, C. W., and S. J. Rice. 1982. Qualified audit opinions and share prices - An investigation. Auditing: A Journal of Practice and Theory 1 (Winter): 35-53.
    • (1982) Auditing: A Journal of Practice and Theory , vol.1 , Issue.WINTER , pp. 35-53
    • Chow, C.W.1    Rice, S.J.2
  • 13
    • 0347721425 scopus 로고    scopus 로고
    • Beijing: China Financial and Economic Publishing House
    • CICPA Auditing Standard Committee. 1996. Explanation of independent auditing standards. Beijing: China Financial and Economic Publishing House.
    • (1996) Explanation of Independent Auditing Standards
  • 16
    • 0033473614 scopus 로고    scopus 로고
    • The impact of improved auditor independence on audit market concentration in China
    • San Diego, CA
    • DeFond, M. L., T. J. Wong, and S. Li. 1999. The impact of improved auditor independence on audit market concentration in China. Paper presented at the 1999 American Accounting Association Annual Meeting, San Diego, CA.
    • (1999) 1999 American Accounting Association Annual Meeting
    • DeFond, M.L.1    Wong, T.J.2    Li, S.3
  • 17
    • 0003153537 scopus 로고
    • Qualified audit opinions and stock prices: Information content, announcement dates, and concurrent disclosures
    • Dodd, P., N. Dopuch, R. Holthausen, and R. Leftwich. 1984. Qualified audit opinions and stock prices: Information content, announcement dates, and concurrent disclosures. Journal of Accounting and Economics 6 (April): 3-38.
    • (1984) Journal of Accounting and Economics , vol.6 , Issue.APRIL , pp. 3-38
    • Dodd, P.1    Dopuch, N.2    Holthausen, R.3    Leftwich, R.4
  • 18
    • 0002251978 scopus 로고
    • Abnormal stock returns associated with media disclosures of "subject to" qualified audit opinions
    • Dopuch, N., R. Holthausen, and R. Leftwich. 1986. Abnormal stock returns associated with media disclosures of "subject to" qualified audit opinions. Journal of Accounting and Economics 8 (June): 93-118.
    • (1986) Journal of Accounting and Economics , vol.8 , Issue.JUNE , pp. 93-118
    • Dopuch, N.1    Holthausen, R.2    Leftwich, R.3
  • 19
    • 0011640033 scopus 로고
    • Qualified audit reports: Their impact on investment decisions
    • Firth, M. A. (1978). Qualified audit reports: Their impact on investment decisions. Accounting Review 53 (3): 642-50.
    • (1978) Accounting Review , vol.53 , Issue.3 , pp. 642-650
    • Firth, M.A.1
  • 21
    • 0002623640 scopus 로고
    • The effect of sequential information releases on the variance of price changes in an intertemporal multi-asset market
    • Holthausen, R. W., and R. E. Verrecchia. 1988. The effect of sequential information releases on the variance of price changes in an intertemporal multi-asset market. Journal of Accounting Research 26 (Spring): 82-106.
    • (1988) Journal of Accounting Research , vol.26 , Issue.SPRING , pp. 82-106
    • Holthausen, R.W.1    Verrecchia, R.E.2
  • 22
    • 0347721417 scopus 로고    scopus 로고
    • Quality of financial reports must be improved
    • September 21
    • Jiefang Daily. 1999. Quality of financial reports must be improved. September 21, 2.
    • (1999) Jiefang Daily , pp. 2
  • 23
    • 0347721397 scopus 로고
    • An assessment of individual investor reaction to certain qualified audit opinions
    • Keller, S. B. 1983. An assessment of individual investor reaction to certain qualified audit opinions. Auditing: A Journal of Practice & Theory 1 (3): 1-22.
    • (1983) Auditing: A Journal of Practice & Theory , vol.1 , Issue.3 , pp. 1-22
    • Keller, S.B.1
  • 24
    • 0000023612 scopus 로고
    • On the usefulness of earnings and earnings research: Lessons and directions from two decades of empirical research
    • Lev, B. 1989. On the usefulness of earnings and earnings research: Lessons and directions from two decades of empirical research. Journal of Accounting Research 27 (Supplement): 153-92.
    • (1989) Journal of Accounting Research , vol.27 , Issue.SUPPL. , pp. 153-192
    • Lev, B.1
  • 25
    • 0001514749 scopus 로고
    • Market-based empirical research in accounting: A review, interpretation, and extension
    • Lev, B., and J. Ohlson. 1982. Market-based empirical research in accounting: A review, interpretation, and extension. Journal of Accounting Research 20 (Supplement): 249-329.
    • (1982) Journal of Accounting Research , vol.20 , Issue.SUPPL. , pp. 249-329
    • Lev, B.1    Ohlson, J.2
  • 28
    • 0031480421 scopus 로고    scopus 로고
    • A theoretical examination of the market reaction to auditors' qualifications
    • Melumad, N.D., and A. Ziv. 1997. A theoretical examination of the market reaction to auditors' qualifications. Journal of Accounting Research 35 (2): 239-56.
    • (1997) Journal of Accounting Research , vol.35 , Issue.2 , pp. 239-256
    • Melumad, N.D.1    Ziv, A.2
  • 29
    • 0011656871 scopus 로고
    • On the financial disclosure and the behavior of security prices
    • Ohlson, J. 1979. On the financial disclosure and the behavior of security prices. Journal of Accounting and Economics 1 (3): 211-32.
    • (1979) Journal of Accounting and Economics , vol.1 , Issue.3 , pp. 211-232
    • Ohlson, J.1
  • 30
    • 21844521994 scopus 로고
    • A model of accrual measurement with implications for the evolution of book-to-market ratio
    • Ryan, S. 1995. A model of accrual measurement with implications for the evolution of book-to-market ratio. Journal of Accounting Research 33 (1): 95-112.
    • (1995) Journal of Accounting Research , vol.33 , Issue.1 , pp. 95-112
    • Ryan, S.1
  • 31
    • 0347090937 scopus 로고    scopus 로고
    • Further systematize operations of listed companies
    • April 3
    • Securities Times. 1999. Further systematize operations of listed companies. April 3, 1.
    • (1999) Securities Times , pp. 1
  • 32
    • 0345829594 scopus 로고    scopus 로고
    • What do explanatory notes explain? April 16
    • Shanghai Securities News. 1999. What do explanatory notes explain? April 16, 2.
    • (1999) Shanghai Securities News , pp. 2
  • 33
    • 0347090940 scopus 로고    scopus 로고
    • Disclosure of accounting information and semi-strong efficiency: An empirical analysis of the Chinese market
    • Shen, Y. F. 1996. Disclosure of accounting information and semi-strong efficiency: An empirical analysis of the Chinese market. Accounting Research [in Chinese] 1: 14-17.
    • (1996) Accounting Research [In Chinese] , vol.1 , pp. 14-17
    • Shen, Y.F.1
  • 34
    • 0347721413 scopus 로고    scopus 로고
    • Relationship between market efficiency and accounting information
    • Sun, Z., W. G. Zhang, and Q. Y. Zhou. 1997. Relationship between market efficiency and accounting information. Accounting Research [in Chinese] 3: 2-12.
    • (1997) Accounting Research [In Chinese] , vol.3 , pp. 2-12
    • Sun, Z.1    Zhang, W.G.2    Zhou, Q.Y.3
  • 36
    • 0346460591 scopus 로고    scopus 로고
    • An analysis of market efficiency in China
    • Wu, S. N. 1996. An analysis of market efficiency in China [in Chinese]. Journal of Economics Research 4.
    • (1996) Journal of Economics Research , vol.4
    • Wu, S.N.1
  • 37
    • 0347090934 scopus 로고    scopus 로고
    • An empirical analysis on earnings announcements, price changes and market efficiency
    • Wu, S. N., and Z. G. Huang. 1997. An empirical analysis on earnings announcements, price changes and market efficiency. Accounting Research [in Chinese] 4: 12-17.
    • (1997) Accounting Research [In Chinese] , vol.4 , pp. 12-17
    • Wu, S.N.1    Huang, Z.G.2
  • 38
    • 0041106824 scopus 로고    scopus 로고
    • Qualified opinions and unqualified opinions with explanations: No significant differences in their nature
    • April 20
    • Xu, H. Y. 1998. Qualified opinions and unqualified opinions with explanations: No significant differences in their nature [in Chinese]. China Securities Daily, April 20, 2.
    • (1998) China Securities Daily , pp. 2
    • Xu, H.Y.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.